§ 9-243

# (a)

Subject to subsection (b) of this section, the Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant a tax credit under this section against the county or municipal corporation property tax imposed on real property if:

# (1)

the homeowner is otherwise eligible for the credit allowed under § 9-105 of this title;

# (2)

(i) the dwelling is:
1. damaged or destroyed due to a natural disaster; and
2. subsequently repaired or reconstructed;

(ii) the dwelling is revalued after the dwelling is repaired or reconstructed; and

(iii) as a result of the revaluation, the assessment of the dwelling exceeds the last assessment of the dwelling; and

# (3)

the homeowner claiming the credit had a legal interest in the dwelling at the time the dwelling was damaged or destroyed as described under item (2) of this subsection.

# (b)

A homeowner may receive a tax credit under this section only if the homeowner qualified and received a tax credit under § 9-109 of this title and is no longer receiving a tax credit under § 9-109 of this title.

# (c)

The amount of the property tax credit allowed under this section shall equal 50% of the property tax attributable to an increase in the assessment of the dwelling on revaluation under § 8-104(c)(1)(iii) of this article, including improvements, over the last assessment of the dwelling before the natural disaster, less the amount of any assessment on which a property tax credit under § 9-105 of this title has been authorized.

# (d)

A credit under this section may not be granted for more than 3 years.

# (e)

The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may:

# (1)

establish procedures or requirements for the application, review, and approval of tax credits under this section;

# (2)

establish additional eligibility criteria such as age, income level, or assessment value; and

# (3)

notify the Department of any credits that have been granted under this section.

# (f)

The credit under this section may not be claimed for a dwelling for which repair or reconstruction is completed before September 18, 2003.